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Company News of Thursday, March 21, 2019
Source: bbc.com
2019-03-21
Cedi's notes
The Ghanaian cedi are starting to show the dollar in US dollars after a continuous decline from 4.9 Ghc to a dollar in early 2019, to 5.90 Ghc last week.
Over the last few days, the sellers show steady gains against the dollar, but they go from 5.9 ghc to the 5.4 Ghc catch today.
The government is trying to inject $ 750 million from Standard Bank bridge loan to stop the depreciation of Cedi, COCOBOD funds and funds from the European market. bonds and financial badistance.
Last week, Finance Minister Ken Ofori-Atta pledged to begin amortizing the reverse depreciation in two weeks, but the departure began a week later.
Despite the gains made in Ghana, members of the Ghanaian minority say that there can be no sustainable government, but that the government will simply survive painkillers.
"From cedi will cross 6 GH ¢ to a dollar before half of the year … now discuss the short term thinking … to whom has he ever survived with painkillers?" Interview of MP Isaac Adongo.
Members of the minority predict that the cedi will bring the catch of 6,000 Ghc to one dollar by the month of June.
Information Minister Kojo Oppong Nkrumah said the members of the minority had just spread the lie, so tell them to confuse the Ghanaians. Instead, the Akufo-Addo government, the Bank of Ghana and the Central Bank are working hard to save the situation.
This week, President Akufo-Addo attributes in part the depreciation of the cedi to Ghanaian taste of foreign consumers for foreign products, which he claims if the resolution of the country will help secure the cedi of Ghana.
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